Marc Yudaken

Marc Yudaken is a senior transaction consultant in the energy industry group and part of Stoel Rives’ Corporate group. Marc advises on:

• Inbound and outbound cross-border transactional work into and out of Africa as well as various developed markets around the world, such as the UK, Europe, and the U.S., with a particular focus on energy and infrastructure transactions, specifically the acquisition and sale of energy, oil and gas, mining, chemical, and infrastructure projects.
• M&A transactions in the renewable and energy sector for state and multinational international investors in markets such as Europe and the U.S.
• Joint venture arrangements, regulatory matters, and corporate reorganizations for domestic and international clients in the resources and energy sectors.
• Private Equity transactions in Africa, Europe, and the U.S. (in both the establishment of Private Equity funds and advising on transactional work for the acquisition and disposal of portfolio assets).
• General public and private M&A with a particular specialty in representing listed mining houses with public and private M&A transactions.
• Equity capital markets, once again in domestic and other offshore jurisdictions.

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Education

University of the Witwatersrand, Bachelor of Laws (LLB), 2005, cum laude

University of the Witwatersrand, Bachelor of Commerce (Majoring in Law and Finance), 2003  

Admissions

Admitted Attorney of the High Court of South Africa

Languages

• Represented Solar Reserve (SR Energy) in the disposal of its rights under The 100MW Redstone concentrated solar thermal power (CSP) project to ACWA Power (the Redstone Project). The Redstone Project forms part of the South African Renewable Energy Independent Power Producer (REIPP) Procurement Program, is the first project financed CSP with molten salt central receiver project in the world, and is one of the largest investments in South Africa under the REIPP.
• Advised Engie Afrique SAS regarding a potential joint venture. The JV focused on installing and maintaining solar PV projects in the commercial and industrial space in South Africa, Zimbabwe, and Kenya, and potentially in Senegal, Ivory Coast, and Ghana.
• Advised Engie Afrique SAS regarding its potential acquisition of a 40% equity stake in Western Power Company, the developer of a 180MW hydroelectric power project at Ngonye Falls on the Zambezi River in Zambia that is expected to sell electricity to the national utility, Zambia Electricity Supply Corporation, under a long-term PPA.
• Advised Engie Southern Africa and Engie Global Developments B.V. regarding the potential acquisition of a concentrated solar power project located in the Northern Cape, South Africa. The work includes due diligence activities, review of nonbinding and binding offers, and negotiation and drafting of agreements, including SPAs and SHAs.
• Advised Impala Platinum Holdings Limited regarding its proposed acquisition of 100% of the issued and outstanding common shares in North American Palladium, the Canadian-based primary platinum group metals producer listed on the TSX and the U.S. OTC market, for a total cash consideration of approximately ZAR 11.4 billion (C$ 1 Billion).
• Advised ArcelorMittal South Africa Limited regarding its disposal of a 50% interest in Macsteel International Trade Holdings Limited to MacSteelGlobal, worth approximately USD 220 million.
• Advised CITIC on the CAD 723 million acquisition of a 19.9% stake in Ivanhoe Mines Ltd.
• Advised Vostelpine Bohler Welding Gmbh regarding the corporate aspects of the establishment of a joint venture with Afrox Limited in relation to Afrox’s welding and consumables factory.
• Advised Itochu Corporation and ITC Platinum on their participation and interest in the Platreef Project, a USD 1.2 billion mine development project in South Africa.
• Advised Bidvest Limited on its acquisition of PHS Group, the number one hygiene service provider in the United Kingdom, which also holds top positions in Ireland and Spain (transaction value c. ZAR 9.1 billion).
• Advised Pan African Resources Plc on the ZAR 275 million proposed disposal for Uitkomst Colliery Proprietary Limited to Coal of Africa Limited.
• Acted for Pan African Resources PLC in a transaction whereby Pan African Resources PLC disposed of all its shares in and claims against Phoenix Platinum Mining Proprietary Limited to the aforementioned Sylvania entities for a purchase price equal to ZAR 89 million.
• Advised ECP on its proposed acquisition of 95.36% of the shares in Burger King South Africa (RF) (Pty) Ltd and 100% of the shares in Grand Foods Meat Plant (Pty) Ltd from Grand Parade Investments Ltd.
• Advised Consolidated Infrastructure Group on its acquisition of 100% of the shares in Conlog Proprietary Limited from Schneider Electric SE for an aggregate consideration of approximately ZAR 850 million.

Insights & Presentations

• Panel member, Eddison Institute 6^th Global Electrification Forum